> Besides medicine/law, young people with some degree of privilege and ambition seem to go into banking, private equity or management consulting still.
The number of MIT/Stanford/Harvard kids running around the valley should disprove that point. As someone who attended a Goldman/McKinsey farm school, many of the prestige chasers who would in another era have gone to a bulge bracket are going to work for a FAANG or a unicorn instead because they do see tech as an appropriate substitute for a more traditional high prestige career.
The number of MIT/Stanford/Harvard kids running around the valley should disprove that point. As someone who attended a Goldman/McKinsey farm school, many of the prestige chasers who would in another era have gone to a bulge bracket are going to work for a FAANG or a unicorn instead because they do see tech as an appropriate substitute for a more traditional high prestige career.